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Article: CSCC Casino Software Corporation Signs Memorandum of Intent with China Everbright Holdings Co. Ltd.
- Article from:
- Business Wire
- Article date:
- April 22, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONG KONG--(BUSINESS WIRE)--April 22, 1997--CSCC Casino Software (VSE:CFA.) Roland M. Thomas, President and Chief Executive Officer of CSCC Casino Software Corporation (CFA - VSE) today announced that the Company and China Everbright Holdings Co. Ltd. have jointly signed a memorandum of intent, the purpose of which is for CSCC to sell 3,000,000 special warrants to China Everbright Holdings Co. Ltd. Both parties intend to develop a joint venture to manufacture CSCC's hardware components and other products for the gaming industry internationally. The sale of the Warrants, each convertible into one share of the Company's common stock, will generate approximately $5 ...